Mubadala seeks Israeli partners on technology investment | Reuters
Abu Dhabi state investor Mubadala Investment Co plans to identify potential fund partners in Israel and find high-growth companies to co-invest in, the head of its ventures unit said on Wednesday.
“There will be interesting opportunities with joint funds or joint ventures, but we are still early on in evaluating this,” Ibrahim Ajami told a financial technology conference in Abu Dhabi.
He said Mubadala has co-invested with Israeli investors in the United States and Europe, but closer ties between the United Arab Emirates (UAE) and Israel opens up a significant opportunity for investments.
After the UAE and Israel agreed to normalise relations in August, the two countries have signed a host of accords to boost economic and business ties.
“We are always excited about Silicon Valley. But we are also looking at Europe, we’re looking at the Middle East, we’re looking at India and we would like to be very active in China,” Ajami said.
No comments:
Post a Comment